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Agents scramble to meet demand…in Rochester?

Housing Wire

Still, there’s a sustained, nationwide surge in housing demand, plus a crippling lack of inventory – and Rochester is hardly impervious to either of these historic trends. Cignarale noted signs of cooling off, including some properties appraising for lower than expected and once desperate buyers no longer waiving home inspections.

Agents 448
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2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

McKissock

The unprecedented buyer demand of 2021 will likely be suppressed to some extent due to affordability concerns in some markets, and more housing inventory will most likely be available from both the existing homes and new construction segments.”. “Mortgage rates are expected to rise, but still remain attractive and reasonable.

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In-Person Home Appraisals Won’t Be Required for Some Loans: Should You Get One Anyway?

Realtor

They may no longer be required to get formal property appraisals—a change that could save them hundreds of dollars and speed up the closing process. A little-known change in requirements last year from mortgage giants Fannie Mae and Freddie Mac has made these waivers for traditional, in-person appraisals available.

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In-Person Home Appraisals Won’t Be Required for Some Loans: Should You Get One Anyway?

Realtor

They may no longer be required to get formal property appraisals—a change that could save them hundreds of dollars and speed up the closing process. A little-known change in requirements last year from mortgage giants Fannie Mae and Freddie Mac has made these waivers for traditional, in-person appraisals available.

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NAR Member Survey on Appraisal Data Collectors

Appraisal Today

I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today. To me, the big issue is who is doing the inspections. Only appraisers do the appraisals. Most of the inspection training we receive as appraisers happens in the field. Inspection training was very good.

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Appraisals and the Cost Approach

Appraisal Today

. ———————————————— Appraisal/Appraiser Bias Accusations Per a recent appraisersblogs post: removal of all appraisal bias propaganda from the official whitehouse.gov website. The refinance share of mortgage activity decreased to 37.1

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Apps for Appraisers

Appraisal Today

That’s because scarce inventory is driving up prices, pushing many homes on the cusp over the seven-figure mark. This was the same process many of us underwent with the exterior-only (drive-by) inspections. If the appraiser does not see the interior of the dwelling, how could the appraisal be credible?